When the U.S. government cut funding for local news stations, the Knight Foundation moved quickly to help stabilize a rapidly eroding industry. President and CEO Maribel Pérez Wadsworth unpacks the evolving roles of philanthropy and government, and why philanthropic organizations must learn to move at the speed of the news cycle. 

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The Knight Foundation has focused on promoting and preserving local news and journalism and local communities for decades. This year, that mission has come under unprecedented attack with big funding cuts for public media, lawsuits by President Trump against CBS News, The Wall Street Journal, New York Times. Is this what you signed up for when you took on this job 18 months ago? I mean, how prepared were you—was the organization—for this kind of seismic shift?

Well, no, I can tell you, it’s not what I signed up for. I don’t think anybody could have quite contemplated the things we are focused on in 2025. But that said, I’ve spent my entire career fighting for journalism and fighting for the First Amendment. So from that perspective, this is yet another part of that journey.

Is it harder right now? Absolutely. Are the fights coming across a lot of dimensions that we couldn’t have anticipated? Absolutely. But this is what the Knight Foundation was set up to do since it started its work 75 years ago. So while we’d all rather be able to pace ourselves a little bit more, I think the moment demands urgency, and it demands focus, and it demands clarity of purpose. The First Amendment is what makes all the rest of our democracy possible, so we have to defend that.

When Congress stripped $500 million in........

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